Halifax launches new fixed-rate mortgage for first time buyers

20-Dec-2006

Halifax has announced the launch of a new fixed-rate mortgage specifically for first time buyers.

Offering a loan-to-value of up to 97 per cent, with an interest rate of 5.85 per cent fixed for two years, the new first time buyer mortgage from Halifax also offers first time purchasers £1,000 cash back.

An application fee of £299 is payable when taking out the mortgage.

To find out more about this mortgage, contact a good mortgage broker.

"We continually review our products to ensure we are offering the best possible rates to our customers," said Mark Heaton, head of mortgages at Halifax.

"The first time buyer product provides a good value option for people looking to get on the property ladder," he added.

Halifax has also launched a new ten-year fixed-rate package, available to both first time buyers and repeat purchasers at an interest rate of 5.49 per cent - with an application fee of £499 - and a fee free option at 5.69 per cent.

Halifax offers a range of mortgages, including specialist mortgages for those looking for shared ownership or a buy-to-let investment.

For more details on the government’s Open Market HomeBuy scheme and shared equity, click here.

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